Bryn Mawr Capital Management LLC Cuts Position in Conagra Brands, Inc. (NYSE:CAG)

Bryn Mawr Capital Management LLC trimmed its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 24.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,783 shares of the company’s stock after selling 8,872 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Conagra Brands were worth $796,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Syon Capital LLC purchased a new stake in Conagra Brands during the fourth quarter valued at about $287,000. Community Bank N.A. increased its holdings in shares of Conagra Brands by 5.5% in the 4th quarter. Community Bank N.A. now owns 46,480 shares of the company’s stock worth $1,332,000 after buying an additional 2,410 shares during the last quarter. Schnieders Capital Management LLC increased its holdings in shares of Conagra Brands by 71.4% in the 4th quarter. Schnieders Capital Management LLC now owns 12,900 shares of the company’s stock worth $370,000 after buying an additional 5,375 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Conagra Brands in the 4th quarter worth about $191,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Conagra Brands by 48.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after buying an additional 454 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CAG shares. Wells Fargo & Company upped their target price on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Barclays upped their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Royal Bank of Canada dropped their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 3rd. Stifel Nicolaus upped their target price on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Finally, Citigroup upped their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $33.14.

Conagra Brands Trading Down 0.6 %

NYSE:CAG opened at $31.07 on Friday. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $38.73. The firm has a 50 day moving average of $29.23 and a 200 day moving average of $28.67. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 3.14 and a beta of 0.42.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business posted $0.76 EPS. Conagra Brands’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.51%. Conagra Brands’s payout ratio is currently 70.35%.

Conagra Brands Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.